NBCC to develop WTC in South Delhi's Nauroji Nagar

National Buildings Construction Corporation (NBCC), which is developing 12 commercial towers spread across 3.2 million sq ft of area in Nauroji Nagar, has received the license to use WTC name for one of its towers. This way, it becomes the second WTC tower in Delhi NCR. The first WTC is being developed at Noida by Viridian RED, the real estate arm of Viridian Group owned by Ashish Bhalla.

The construction of world trade centre is the part of the redevelopment plan of Nauroji Nagar area. Altogether, the Government has decided to redevelop seven colonies in New Delhi. All these are Government employees’ colonies located in Sarojini Nagar, Netaji Nagar, Nauroji Nagar, Tyagraj Nagar, Srinivaspuri, Kasturba Nagar and Mohammadpur.

The World Trade Centres Association (WTCA) has given licences for the development of 21 World Trade Centres in the country. Viridian RED, being the prime partners, shall be developing 13 out of the total of 21 WTCs. Viridian RED is the real estate division of Viridian Group, operated by Ashish Bhalla.

At present five WTCs are operational at Mumbai, Bengaluru, Pune, Noida and Kochi. The WTCA stimulates trade and investment opportunities for commercial property developers, economic development agencies, and businesses looking to connect globally and prosper locally. There are over 300 world trade centres spread in 90 countries.